International Merchant Advisors Announces Senior Debt Holder Converts Balance to Equity in Company

SAN DIEGO, May 24 /PRNewswire-FirstCall/ -- International Merchant Advisors, Inc. (Pink Sheets: IMAI) www.imaiinc.com is pleased to announce today that the company's senior lender has converted its six figure debt into equity in the company. As of year end, 2009, the company had $662,000 in total debt and liabilities outstanding. This has now been reduced to less than $28,000.  IMAI will continue to focus its efforts on expanding the business of the company, including the expansion of its medical marijuana clinics managed by Organic Science, Inc. and the continued search for international business opportunities to maximize the company's skills as a business builder and advisor to public and private companies throughout the world.  

About International Merchant Advisors, Inc.

International Merchant Advisors, Inc. (IMAI) www.imaiinc.com is an international business banker and builder of companies. IMAI provides direct access to the critical tools necessary to satisfy the growth requirements of international emerging and re-emerging public and private companies. These tools include providing strategic advisory services, capital raising strategies, direct access to capital markets, and organizational development and business plan execution.

Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.

SOURCE International Merchant Advisors, Inc.

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